Why Space Tourism May be a Reality Sooner Rather Than Later – MarketScale

Space tourism used to be a far away dream for virtually everyone.

Well, SpaceX appears to be making it a fast approaching reality. SpaceX is the leader in the drive to popularize space tourism. Competitors like Blue Origin and Virgin Galactic are also getting hopes up that everyday folks can experience space for themselves. Sr. Analyst for Northern Sky Research, Dallas Kasaboski says, Based on the ticket prices that weve seen today, the pace of development that we see and the supplies that NASA projects that the revenue sizing represents a $14 billion cumulative opportunity, assuming that launches start within the next one or two years and continuing through 2028.

SpaceX successfully launched and landed its prototype Starship. Its designed to be entirely reusable, requiring only maintenance and refueling between trips to space. But unlike competitors Blue Origin and Virgin Galactic space, Xs starship is an orbital class rocket, which means it could go up. It can maintain enough speed to orbit the Earth. And it can come back down when it wants to. Now, a web based survey suggested 88% of people want to space walk and many of those surveyed are willing to pay a premium for the experience. And thats good news because space travel for the masses still wont be cheap. SpaceX comes in with the lowest projected price, around a $20,000 to $50,000 per person.

If youre able to scale and [prove] reliability, then you can bring prices down. More competition comes in offering different services, and you will eventually democratize. But despite anyones ambition to truly democratize the industry, it will take time. And in order to survive during that time, you are likely going to have to either focus on the government or a very small niche market until you can expect several organizations have been formed to promote the space tourism industry, Kasaboski commented. Now only time will tell how soon. And how much SpaceX will charge to launch us into a galaxy far, far away.

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Why Space Tourism May be a Reality Sooner Rather Than Later - MarketScale